Innovation fund for Affordable Housing projects

The ACT Government is seeking Expressions of Interest for funding under the first round of the Affordable Housing Innovation Fund are now open.   The fund will encourage and support new approaches to increasing the supply of affordable housing in the ACT.  Organisations will be invited to apply for grants of between $5,000 and $230,000 to support projects within the following categories:   

Affordable Rental Real Estate Management
In this model landlords provide their property to either a not-for-profit real estate agency or to another social housing provider to be rented out to eligible low income tenants at below market rent.

Home Sharing
In this model homeowners with a spare room in their own property are matched with low income tenants seeking affordable rental accommodation, in exchange for providing assistance around the house.

Co-Housing
In this model a group of interested purchasers come together and collectively design and fund their own multi-unit housing project. The government is open to applicants about how this funding can assist in getting their project up and running. The Fund may be able to assist with, for example:
– program establishment costs
– specialist advice
– program managers
– promotional campaigns  

More information including Program Guidelines, links to similar programs operating elsewhere, and the Application Form can be found online at https://www.planning.act.gov.au/topics/affordable_housing/innovation-fund.  Applications are open until Friday 11 May 2018.  If you have any queries please contact Michaela Watts by phone: (02) 6207 1831 or email: [email protected]